KTM Faces Financial Crisis, 1,800 Employees At Risk of Layoffs
15 May 2025, 15:00 WIB
The news of MV Agusta and KTM's separation was announced in a statement, which was displayed on January 31, 2025.
By Satrio Adhy
KatadataOTO – The financial crisis that continues to haunt KTM has become a new problem, forcing them to downsize the company.
Recently, they sold their shares in MV Agusta. The news was delivered in an announcement on January 31, 2025.
“MV Agusta confirms that Art of Mobility SA, a company controlled by the Sardarov family, will regain full control of the MV Agusta Group, simultaneously marking the separation from KTM,” reads the announcement on the official website of the brand from Italy.
The uncertain financial situation at KTM is said to have impacted their operations, especially since in 2024, MV Agusta managed to record impressive achievements.
Last year, the Italian manufacturer claimed to have experienced quite positive growth, managing to sell 4,000 motorcycles throughout 2024.
The number above increased by about 116 percent compared to the achievements in 2023.
Based on the above, they did not want to be affected by KTM's financial problems. Thus, MV Agusta took a strategic step.
“The company wants to safeguard its valuable supply chain and dealer network, protecting them from potential financial disruptions,” the announcement continued.
This motorcycle manufacturer claims it does not want to be affected by the restructuring carried out by KTM some time ago.
“And strengthen MV Agusta's stability and commitment to its stakeholders,” they affirmed.
On the other hand, MV Agusta ensures that its 219 dealer networks will continue to operate normally, despite separating from KTM.
It is even targeted to continue growing in the near future, reaching 270 locations this year.
“We have everything to continue our positive expansion and keep fulfilling our commitments,” they concluded.
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